Daily Pivots: (S1) 1.3485; (P) 1.3495; (R1) 1.3505; More… Intraday bias in USD/CAD remains neutral at this point. Some more consolidations would be seen above 1.3439, and stronger recovery cannot be ruled out. But further Read more…
Daily Pivots: (S1) 0.6766; (P) 0.6782; (R1) 0.6807; More… Intraday bias in AUD/USD remains neutral as consolidation form 0.6823 is extending. Deeper fall might be seen but downside should b contained by 0.6696 support to Read more…
Daily Pivots: (S1) 1.1050; (P) 1.1064; (R1) 1.1086; More…. Intraday bias in EUR/USD remains neutral for the moment. While retreat from 1.1200 might extend lower, rally from 1.0665 is in favor to continue as long Read more…
Daily Pivots: (S1) 1.3126; (P) 1.3140; (R1) 1.3162; More… Intraday bias in GBP/USD remains neutral as consolidation continues below 1.3265. While deeper retreat cannot be ruled out, downside should be contained well above 1.3043 resistance Read more…
Daily Pivots: (S1) 146.08; (P) 146.62; (R1) 147.47; More… Intraday bias in USD/JPY remains mildly on the upside at this point. Pull back from 149.35 should have completed at 143.43 already. Further rise should be Read more…
Daily Pivots: (S1) 0.8489; (P) 0.8513; (R1) 0.8542; More… Intraday bias in USD/CHF remains neutral at this point and more consolidations could be seen above 0.8399. Further decline is expected as long as 0.8540 resistance Read more…
Dollar is trading with a slightly firm tone this week, though overall forex market activity has been relatively subdued. It’s worth noting that last month’s sharp selloff in US stocks was actually started with disappointing Read more…
The New Zealand Institute of Economic Research indicated today that it expects RBNZ to implement another interest rate cut during its October meeting. This follows RBNZ’s decision in August to bring forward its easing cycle Read more…
New Zealand’s terms of trade saw a solid improvement in the second quarter of 2024, rising by 2.0%. This increase was driven by a 5.2% rise in export prices, which outpaced the 3.1% increase in Read more…
Gold has been on a winning streak, rising for seven straight months and gaining 21% so far this year. The key question now is whether this momentum will continue in September or if the metal Read more…